Findings, an Israeli cybersecurity firm that focuses on automated supply chain risk monitoring, is being acquired by U.S.-based Diginex for about $305 million. Diginex is listed on Nasdaq and has a market value of around $1.1 billion.
Findings (officially called IDRRA) was founded by Kobi Freedman (CEO) and Jonathan Perry (CTO). Freedman had earlier founded Comilion, whose technology was sold to Dell in 2017. So far, Findings has raised $15 million, with investors including Magenta Venture Partners.
Under a non-binding agreement announced on Tuesday, Diginex will buy 100% of Findings’ shares. The deal will include $270 million in Diginex stock and up to $35 million in cash, with $20 million of that cash dependent on Findings meeting certain performance goals.
The acquisition aims to add Findings’ strengths in vendor risk management, real-time cloud audits, and secure data sharing to Diginex’s existing compliance and sustainability products.
Miles Pelham, chairman of Diginex, said the deal will strengthen the company’s ability to monitor supply chain risks, where ESG issues and cybersecurity threats are increasingly connected. He added, “Findings’ advanced solutions are a perfect match for our sustainability-focused technology portfolio.”
Kobi Freedman, CEO of Findings, said joining Diginex would allow his company to extend its automated compliance and cybersecurity services to more clients worldwide. “This transaction will enable us to provide customers in regulated sectors with technology to support the growing oversight requirements of their supply chain partners,” he said.
The planned acquisition comes at a time when supply chain resilience and regulatory compliance in both sustainability and cybersecurity are under increased scrutiny.
Global rules like the EU’s Digital Operational Resilience Act (DORA) and the NIS2 directive, along with corporate ESG requirements, are driving demand for technology that can handle both environmental reporting and digital security risks.
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